Head Office Circular No. NP/156/13
To the Secretary all Branches,
Council of Executive members,
Regional Councils and Regional Offices.
Tuesday 18th June 2013
New Inflation Rates
The Office for National Statistics has just published new inflation figures for the twelve months to May 2013.
The Retail Prices Index (RPI) stood at 3.1% for the year to May 2013, up 0.2% from the 2.9% figure to April2013.
The Consumer Prices Index (CPI) stood at 2.7% for the year to May 2013, up 0.3% from the 2.4% figure to April2013.
According to the ONS, transport costs (particularly motor fuels and air fares) and clothing/ footwear (especially women’s outdoor clothing) rose. And the cost of food (particularly sugar, jam, syrups, chocolate & confectionery, meat and vegetables) dropped.
RMT pay submissions will continue to emphasise that your financial commitments have increased at a greater rate than official inflation and that your living standards are undermined by this disparity.